Oppenheimer Issues Positive Forecast for Rubrik (NYSE:RBRK) Stock Price

Rubrik (NYSE:RBRK) had its price target lifted by analysts at Oppenheimer from $85.00 to $90.00 in a research report issued on Friday. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price target suggests a potential upside of 16.85% from the stock’s previous close.

Several other equities research analysts have also recently commented on RBRK. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $110.00 price objective on shares of Rubrik in a research report on Monday, March 16th. The Goldman Sachs Group lowered their price objective on Rubrik from $120.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. BTIG Research reiterated a “buy” rating and issued a $91.00 price target on shares of Rubrik in a research note on Friday. Citigroup dropped their price target on Rubrik from $115.00 to $88.00 and set a “buy” rating for the company in a research note on Monday, March 16th. Finally, Barclays reaffirmed an “overweight” rating on shares of Rubrik in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $88.32.

Rubrik Price Performance

Shares of NYSE RBRK opened at $77.02 on Friday. The firm has a 50-day moving average of $58.27 and a 200 day moving average of $62.54. Rubrik has a 1 year low of $42.25 and a 1 year high of $103.00. The stock has a market cap of $15.58 billion, a P/E ratio of -43.52 and a beta of 1.10.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.19. The company had revenue of $387.07 million for the quarter, compared to the consensus estimate of $366.28 million. Rubrik’s revenue was up 39.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.15) earnings per share. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Research analysts expect that Rubrik will post -1.45 earnings per share for the current fiscal year.

Insider Activity

In other Rubrik news, Director Yvonne Wassenaar sold 2,838 shares of Rubrik stock in a transaction on Friday, May 29th. The shares were sold at an average price of $75.00, for a total transaction of $212,850.00. Following the completion of the transaction, the director directly owned 2,326 shares of the company’s stock, valued at $174,450. The trade was a 54.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Kumar Choudary sold 122,613 shares of the business’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $48.20, for a total transaction of $5,909,946.60. Following the transaction, the chief financial officer owned 564,901 shares in the company, valued at $27,228,228.20. This trade represents a 17.83% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 398,939 shares of company stock worth $27,628,167. Company insiders own 13.66% of the company’s stock.

Hedge Funds Weigh In On Rubrik

Several hedge funds have recently added to or reduced their stakes in the company. Essential Partners LLC grew its stake in shares of Rubrik by 99.3% during the first quarter. Essential Partners LLC now owns 570 shares of the company’s stock valued at $28,000 after buying an additional 284 shares during the last quarter. Arkadios Wealth Advisors purchased a new position in shares of Rubrik in the 1st quarter valued at approximately $506,000. Smith Group Asset Management LLC purchased a new position in shares of Rubrik in the 1st quarter valued at approximately $617,000. ADAR1 Capital Management LLC acquired a new stake in Rubrik in the 1st quarter worth approximately $240,000. Finally, Sunbelt Securities Inc. purchased a new stake in Rubrik during the 1st quarter worth approximately $46,000. 49.54% of the stock is currently owned by institutional investors.

Trending Headlines about Rubrik

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Rubrik reported first-quarter fiscal 2027 earnings of $0.16 per share on revenue of $387.1 million, both above estimates, with revenue up 39% year over year. The beat reinforces the company’s growth momentum in cybersecurity and AI-driven data resilience. Rubrik Reports First Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: Management also raised guidance for both Q2 and full-year FY2027, with EPS and revenue outlooks coming in ahead of Wall Street expectations, signaling confidence in continued demand. Rubrik guidance update
• Positive Sentiment: Rubrik’s early access to Anthropic’s Mythos Research Preview could strengthen its AI-enabled cyber resilience platform and support the long-term growth story. Rubrik gets early access to Anthropic Mythos Research Preview
• Neutral Sentiment: Rubrik has also drawn attention from investors after a strong May rally and ongoing optimism around cybersecurity and AI partnerships, keeping sentiment constructive overall. A Look At Rubrik (RBRK) Valuation As AI And Cybersecurity Partnerships Draw Market Attention
• Negative Sentiment: Multiple insiders sold shares, including CTO Arvind Nithrakashyap’s large June 1 sale and additional sales by directors John Wendell Thompson and Yvonne Wassenaar, which can weigh on short-term sentiment after a sharp stock run. SEC filing for Arvind Nithrakashyap sale

About Rubrik

Rubrik, Inc is a cloud data management and security company that delivers a unified platform for data protection, disaster recovery, compliance and intelligent data governance. Its flagship offering, the Rubrik Security Cloud, enables organizations to automate backup and recovery workflows across on-premises, edge and multi-cloud environments. By combining policy-driven orchestration with real-time threat detection, Rubrik helps clients guard against ransomware, ensure business continuity and enforce data retention requirements.

The company’s platform supports a range of services including backup and restore, long-term data archiving, replication, and disaster recovery as a service (DRaaS).